Multi-let investment opportunity unveiled in Dumfries
Shepherd Chartered Surveyors has brought to market a multi-let investment opportunity in Dumfries on behalf of Mapeley.
The property is situated in an established mixed-use district at the edge of Dumfries town centre with good road links to the A75 bypass.
The 22,000 sq ft two-storey purpose-built office development features an accessible main entrance, common stairwell and two-storey link corridor. The rear and side suites are self-contained while the four front suites have shared toilet facilities.
All the suites offer clear-span accommodation, benefitting from raised floors and suspended tile ceilings, therefore providing good flexibility for tenant fit-out.
There are 63 parking spaces, located at the side and rear of the property while short stay parking is available at the front of the building. The total site area extends to 1.3 acres.
The building is anchored by The Scottish Ministers (Rural Payments & Inspections Division) along with the Driver & Vehicle Standards Agency. Other tenants include Quarriers and Vigilant Security (Scotland).
The property produces a current gross income of £146,092 per annum and has an estimated rental value of £182,519 per annum.
Fraser Carson, associate in Shepherd’s Dumfries office, said: “The property provides good quality office accommodation occupying a prominent site that is easily accessible from the town centre, railway station and bypass.
“The new long-term leases to The Scottish Ministers and DVSA are the main selling point of this investment, however there is a real opportunity to add value through further asset management of the four front suites.”